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Join the Securities Litigation and Enforcement Group on LinkedInElizabeth Holmes’ lavish lifestyle looms over Theranos fraud case
Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew and what she ate has nothing to do with this trial,” said Holmes’ attorney Kevin Downey, adding that its “inflammatory […]
Theranos founder Holmes pregnant, delay sought in fraud trial | Reuters
Elizabeth Holmes, who has been charged with fraud in the spectacular rise and fall of the blood-testing company Theranos Inc, is pregnant, prompting prosecutors to seek a delay in her trial until after her July due date, according to a court filing. Lawyers for Holmes, once a rising star of Silicon Valley, informed the government […]
Elizabeth Holmes denies destroying evidence in Theranos case
“The reason that the government has built its case on this teetering card house of irrelevant evidence is that it lost—or, worse, did not want to analyze preindictment—the actual evidence of testing results in this case,” Holmes’ attorneys argued. However, prosecutors allege that Theranos executives destroyed the LIS system that proved her blood-testing product was […]
Prosecutors Say Wealth, Fame Motivated Theranos Founder Elizabeth Holmes’s Alleged Crimes – WSJ
Ms. Holmes and California prosecutors are sparring over what details a judge will allow into the trial in July, with fights over not only her wealth, but also testimony from Theranos patients who received inaccurate blood results and internal emails prosecutors say show the company trying to evade lab inspectors. In all, U.S. District Judge […]
California’s Covid surge forces trial delay of Theranos Elizabeth Holmes
A surge in coronavirus cases in California has led to a four-month delay in the criminal trial of Elizabeth Holmes, the former CEO and founder of embattled health tech company, Theranos. In a late Friday night order, U.S. District Judge Edward Davila set a new trial date of July 13, 2021 for the case. Source: […]
Elizabeth Holmes Theranos trial to be held in person with masks, social distancing
In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to play out over two to four […]
Holmes Prosecutors Say Texts Show Theranos Beset With Problems – Bloomberg
Prosecutors say Holmes’ and Balwani’s messages about the approval process will offer jurors a look back in time, revealing their intent to deceive investors -– an element the government must prove to win convictions. The messages were collected by securities regulators in a related civil case — though many remain sealed in court filings. “The […]
Theranos founder Elizabeth Holmes to undergo psychological evaluation – NZ Herald
In December last year, Holmes’ lawyers informed the court they intended to argue a case of mental impairment, with plans to cite “expert evidence relating to a mental disease or defect or any other mental condition”. The expert they wanted to bring to court was named in court documents obtained by Ars Technica as California […]
Mental state of Elizabeth Holmes at issue in Theranos fraud case
Lawyers for one-time Silicon Valley wunderkind Elizabeth Holmes at her trial may pursue a “mental disease” defense against charges that she misled patients and investors about the capabilities of her company Theranos’ blood tests. The potential defense was disclosed in a ruling late Wednesday by U.S. District Judge Edward Davila in San Jose, who ordered […]
Elizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder
A federal judge said he would like to push back the criminal fraud trial against Theranos’ Elizabeth Holmes until October amid public health concerns over COVID-19. via Elizabeth Holmes Trial Likely Postponed Until October Due to COVID-19 | The Recorder.